Is ‘liteforex com’ a legit or a scam website for Forex trading?

For the negative points, spreads are high for stock trading, international trading is done through an offshore entity in St. Vincent and the Grenadines and there are negative experiences from some traders. The market range overall is quite narrow and limited to only FX and CFDs; there is no crypto trading at all. Spreads offered by LiteForex are tight and good for the forex industry. We also marked that the broker provides low-cost fees also extensive trader education and financial information resources. Traders receive independent market news and analysis from third-party provider, Claws & Horns.

In case an account balance goes below zero due to extreme market volatility, the balance will be adjusted to zero as LiteForex covers the exceeded loss. Overall, Liteforex provides a comprehensive education section that is frequently updated. An impressive array of analytical tools, available in nine timeframes for each financial instrument. Overall, the account opening process at LiteForex is similar to other international brokers. LiteForex Europe is regulated by CySEC, making it relatively safe. LiteFinance Global is regulated offshore and offers few protections.

LiteForex’s non-trading fees are average compared to other similar brokers. Overall, trading costs at LiteForex are higher than average on both account options. LiteForex offers 24/5 support across phone, live chat, and email. Support was reliable via email and live chat, but we could not get through by phone. In this section, we check the broker’s market offering and how varied the instruments and asset classes are.

Trading Conditions

LiteForex was founded in 2005 and you can invest in Cryptocurrency, Forex, Oils & Gas, Rare Metal, Stock and Stock Index by opening an account with LiteForex. No, LiteForex does not provide service in Japanese If the service becomes available in Japanese in the future, the information will be updated in LiteForex’s company introduction page. LiteForex sets Margin Call to 100.00% and Stop Out to 20.00%. LiteForex supports NBP thus the maximum loss is limited to the total account balance.

All in all, traders at LiteForex are given everything they need to succeed. LiteFinance (ex. LiteForex) is a high-tech reliable ECN broker with a strong reputation. Our clients can exploit a safe user-friendly online platform for high-speed trading available in 15 global languages and providing access to a great deal of in-built tools for price chart analysis.

Banking Options

Its fundamental analysis consists of daily news on significant political and economic events that impact the world markets. In-house analysts and traders produce all forex fundamental analytical reports. LiteForex also provides its clients with a free high-quality analysis prepared by an independent Company, Claws&Horns. Liteforex offers support for an average number of trading platforms compared to other brokers. Accounts with lower minimum deposits and which allow trading in micro-lots are generally more suited to beginner traders. Spreads on these accounts are often wider than those with higher minimum deposits.

• Educating yourself on how to trade the financial markets can make the difference between success and failure.
• The customer service of LiteForex is available from 9 a.m.
• I’ve asked them severally to provide the ARN number of the transfer from their end but they keep giving silly excuses.
• Attract active clients and win the main prize — $5,000.How to participate in IB Lucky Ticket Draw?
• Liteforex offers support for an average number of trading platforms compared to other brokers.

I was very satisfied with working with this broker, both instant settlement and excellent service, I will definitely work with this broker again in the future. I trade on LiteForex not very long ago, I can copy trades, but you must act quickly, a Manager may merge sooner than it should, yet nothing happened, trade is always a plus, means deduce without problems. I’m an investor, LiteForex I was quite happy, most of the governors lived, and reliable people for over 200 days, I with a stable profit. Take the right step and recover your lost funds trust me it is 100% possible.

Withdrawals

My friend recommended this company for forex trading and I am satisfied with my cooperation with them. Adequate conditions, low commission and user-friendly interface. Trading at LiteForex for a long time, now I turn to MT5, I decided to try a five-digit quotes, trades will be more accurate and less spreads, the more that this broker allows it. The minimum deposit to open either Lite Forex Classic or Lite Forex ECN accounts is $50. For the first time I deposited 100usd then lost all my money by trading. I agree with JORGE barbera, that lite forex broker is THIEVES.

Already took several awards, but do not lose hope to occupy the first place. We believe your liteforex broker is waiting for you in your trading accounts. Lite Finance (ex. Lite Forex) offers platforms available in MetaTrader 4 , MetaTrader 5 and LiteFinance proprietary mobile apps.

It has two commission-based accounts, neither one acceptably priced. Traders may trade with a spread from 0.0 pips for a commission of $20 or 1.0 pips for $6 for a total of $16. Swap rates on leveraged overnight positions and third-party payment fees apply at both. LiteForex offers demo accounts for the web-based platform, mobile app and MetaTrader desktop platform. Demo accounts are beneficial for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money. LiteForex is a zero commission trading brokerage and only charges trading fees through floating spreads on all types of trading accounts.

Our experts checked the educational proposal of LiteForex and found that the broker supports personal strives and provides learning materials, analysis, and guides. This is done through the educational section on their website presenting four sections that help to become a better trader that diverse to a different levels of traders. It offers a wide range of forex glossaries, books, tutorials, and dofferent strategy testers. Online trading on Forex market with minimal spreads on ECN and CENT accounts. Social Trading and copy trades system with no fees on deposits and withdrawals. LiteForex offers two account types, which is average when compared to other brokers, and the accounts are more suitable for beginners than experienced traders.

Types of LiteForex accounts

LiteForex demo accounts provide the opportunity for traders to trade virtual money under real market conditions. Demo accounts are free of charge and allow beginner traders to refine trading strategies using MetaTrader platforms. Traders receive real quotes from liquidity providers and have access to all trading instruments.

LiteForex provides their traders with a variety of deposit and withdrawal methods for convenient Forex trading. All of the same methods used to deposit funds can be used to withdraw funds. Deposits are free of charge and withdrawals are subject to withdrawal fees.

Secondly, the minimum deposit requirement is only $10, making it easy for beginners to get started. Lastly, there are no extra fees charged for deposits or withdrawals, which is a bonus for traders on a tight budget. However, LiteForex does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries.

Always check the https://forexhero.info/‘s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation.

CLASSIC

Yes, LiteForex is a regulated forex broker registered with the Cyprus Securities and Exchange Commission . LiteForex presents limited educational value versus FBS, where traders get more in-depth resources. The excellent research also features education, making FSB a better choice for beginner traders. Liteforex LTD is registered as a Cyprus Investment Firm, authorised and regulated by Cyprus Securities and Exchange Commission and acts in accordance with the Markets in Financial Instruments Directive . Liteforex LTD is a member of the Investor Compensation Fund, which guarantees that all of its clients’ funds are secured and insured .

SocialTrading brings global traders together to form a successful community where they can use one another’s experience to reach their goals. Experienced experts at Claws&Horns master the art of analysis as no one else. All sorts of analysis, latest forecasts, unique reviews, expert opinions and many other analytical materials that are indispensable to trading success are now freely available to LiteFinance’s clients. Trade in this broker for more than 5 years and generally like everything, and the terms, and execution was not a problem, and quotes “do not brush”.

Traders’ Social network for Forex copy trading

Your client account and mobile stock trading platform are now within arm’s reach in your smartphone! Get everything you need for comfortable trading and communication with traders from all over the world. Recently opened an account with LiteForex, verification was quick, a little Paskaleva according to its strategy, ordered a withdrawal for the sample – was taken without any problems.

They will all go to hell I lost a lot of funds to this fake lexatrade after their fake promises. I suddenly could no longer find them on Skype or getting their mail. But am only happy today because Mr Jeff Silbert who I have heard have helped a lot.

Per FPA policy, the rating on this review has been set to Zero stars. If you are still waiting tell your account number please and we will check. In addition, there are established centers in various regions, so Europe and international are covered, however, customer service is available on working days only 24/5. However, note that for the bank wire transfers the transaction process may take up to 5 days depending on the sender’s operational speed and beneficiary’s bank. In addition, always consider rollover or swap rate as a trading cost, since the broker charges a small fee for the position being held longer than a day and is defined by the instrument.

Overall, LiteForex offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods. As you can see from the table above, trading costs on the ECN Account are significantly lower than those on the Classic Account. However, these costs are still above those of other good brokers, which have trading costs of 9 USD per lot traded. Additionally, spreads are variable, which means they get tighter or wider depending on trade volume and market volatility. A top-tier regulator, CySEC is credited with active regulation of the markets, and proactively making changes to protect clients. LiteForex provides a user-friendly web platform, Copy Trading, educational articles, and a demo account, which are all helpful for new traders.

The fans of the most popular trading platform MetaTrader 4/5 can use it as well. LiteForex broker is providing their clients with many different options when it comes to the deposit, withdrawal and payment methods. If a client prefers electronic transfers the options available to that client are WebMoney, Qiwi, Neteller, Skrill, Monetaru, OK Pay, PM, Boleto and many others. Those clients who do not prefer e-transfers, LiteForex provided the option of wire transfer. Besides these, many types of Credit and Debit cards are also provided as banking options such as VISA, MasterCard, VISA Electron, Maestro and several others. Check out this ultimate mobile trading app developed by LiteForex broker.

LiteForex offers customer support 24/5 via email, telephone, and live chat. However, one has to register an account to access the live chat service. For the purposes of this review, we found customer support to be slow and sometimes unresponsive.